To start trading weekly Nifty option contracts on 5Paisa, you can follow these steps:

 

1. Log in to Your 5Paisa Account :

   - If you're new to 5Paisa, you'll need to sign up on the website first.

   - Use your login credentials to access your account.

 

2. Access the Trading Platform:

   - Once logged in, head over to the trading platform. This can be done through the 5Paisa mobile app or the web-based platform.

 

3. Select Nifty Options:

   - Locate the "Options" section within the platform.

   - Choose "Nifty" as the underlying index.

 

4. Pick the Expiry Date:

   - Weekly Nifty options typically have shorter expiry periods, usually one week.

   - Choose the expiry date that suits your trading strategy from the available contracts.

 

5. Choose Your Strike Price:

   - Review the option chain for Nifty to see the available strike prices.

   - Select the appropriate strike price based on your market outlook (bullish or bearish).

 

6. Place Your Order:

   - Determine whether you want to buy a call option (if you're bullish) or a put option (if you're bearish).

   - Specify the quantity (lot size) and the premium you will pay.

   - Finally, confirm your order.

 

7. Monitor Your Position:

   - Stay vigilant and monitor your options position as the market evolves.

   - You can exit your position before expiry if the market moves in your favor.

These steps should help you effectively navigate the process of trading weekly Nifty option contracts on 5Paisa.